FranchiseVerdict
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FV-01742·STRONGExcellent91

National Property Inspections

Real EstateFranchising since 1987Website
Investment
$41K – $55K
33rd pct Real Estate
Avg revenue
$122K
2nd pct Real Estate
Royalty
8.0%
57th pct Real Estate
Units
194
73rd pct Real Estate
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $41K – $55K including a $35K franchise fee, 8.0% ongoing royalty.
  • Average unit revenue of $122K/year (median $86K).
  • Rated STRONG with a risk score of 52/100. SBA loan default rate of 0.0% across 14 loans (below the industry average).
  • System contracting at -9.3% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).

Item 1 · who you're contracting with

The Franchisor

Legal entity
NATIONAL PROPERTY INSPECTIONS, INC.
Parent company
NPI Holdings Ltd.
Incorporated in
Nebraska
HQ
9375 Burt Street, Suite 201, Omaha, Nebraska 68114
Auditor
AGSN
Audited financials
Franchisor revenue
$4.3M
vs $3.7M prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one National Property Inspections unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $122,339
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $41K–$55K
Working capital
$
FDD reports $1K–$3K

Unlevered ROIC · per unit

32%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$16K
EBITDA margin
13.0%
Total invested
$50K
Payback
38 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 National Property Inspections units return on equity?

Edit assumptions

Equity IRR · 5-yr

49.9%

7.57× MOIC

Year-1 DSCR

1.88×

EBITDA ÷ debt service

Equity required

$147K

on $734K purchase

Total debt

$587K

SBA $0.4M + senior + seller note

Overview

About

Franchisees conduct residential and commercial property inspections for home buyers, sellers, and real estate agents. Daily operations include scheduling inspections, conducting on-site evaluations using specialized equipment, documenting findings, and generating detailed reports. Most revenue derives from inspection fees ($300-$600 per inspection) with potential ancillary services like radon testing or mold assessments.

CEO
Karen Yolevski
Founded
1987
FDD year
2025
States available
43

Item 7 · what it costs

The Vitals

Total investment
$41K – $55K
All-in to open one unit
Liquid capital
$1K – $3K
Cash you must have on hand
Franchise fee
$35K
Royalty
8.0%
Percentage of Gross Sales with monthly minimum · typical 6–8%
Ad fund
2.0%
typical 3–5%
Total fee load
10.0%
vs 9–13% typical

Item 19

Financial Performance

Avg gross sales
$122K
Per unit, per year
Median gross sales
$86K
Item 19 type
Gross Sales
Sample size
152 units
vs category median 41 · large
Range (low → high)
$10K$1.0M
Cohort dispersion
Transparency
4 / 5
vs category median 0 / 5 · above
Revenue rank2th
vs Real Estate peers
Investment cost rank33th
Lower investment ranks lower (better)
Royalty rate rank57th
Lower royalty = lower percentile (better)
Unit count rank73th
vs Real Estate peers
Risk score rank16th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
194
Opened
5
Last reporting year
Closed
14
Turnover rate
7.2%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
-4.4%
Net unit change last year
3-yr CAGR
-9.3%
Compounded over last 3 years
2023
194-8
Franchised units
2024
203
Franchised units
2025
214
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 20 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 20 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
14
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

52
Risk · 0-100
STRONG52 / 100

Shrinking franchise system with undisclosed profitability, fixed-fee royalty structure, and corporate going concern issues present material risk to $41k-$55k investment.

Score breakdown · what drove the 52 / 100 rating

  1. 01MINORUnit count declining 4.4% YoY (194 units) suggests system contraction and market saturation concerns
  2. 02MEDNet income not disclosed in Item 19 — inability to validate true profitability against $41k-$55k investment
  3. 03MINORRoyalty structure with $300-$500 minimum monthly creates fixed cost floor regardless of revenue performance
  4. 04MINORAverage revenue of $122k against 8% royalty ($9,786/yr) plus minimum fees ($3,600-$6,000/yr) leaves thin margin for expenses
  5. 05HIGHGoing Concern indicator is False — potential financial instability at corporate level affecting franchisee support
  6. 06HIGHNo litigation disclosed but declining unit base suggests possible franchisor-franchisee disputes or operational issues

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Geographic
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Nebraska

Item 11

Training & Operations

Classroom training
120 hrs
On-the-job training
40 hrs
POS system
Horizon
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

90 numbers

Locked
(314) 575-••••
MO
(205) 381-••••
AL
(970) 286-••••
CO

One-time purchase · CSV download · Validation questions included

FDD download

National Property Inspections · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above